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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Malte Humpert
via
gCaptain
China’s NewNew Shipping Line Pushes Deeper Into Arctic With First Murmansk Container Run
Chinese container carrier NewNew Shipping Line has expanded its footprint in Russia’s Arctic with the first delivery of containerized cargo to Murmansk via the Northern Sea Route, as the company moves toward a larger role in a shipping corridor attracting growing interest from China, South Korea and India.
From
The Loadstar
via
gCaptain
Panama Canal Draught Restrictions Set to Add to Congestion Chaos
Waterways the world over are contending with all manner of chaos, especially the Panama Canal where congestion is worsening as a consequence of the war in the Middle East and low-water restrictions loom.
From
Bloomberg
via
gCaptain
US Sanctions Fishing Fleet Accused of Shipping Cocaine to Mexico
The US Treasury sanctioned a fleet of fishing vessels suspected of smuggling tons of cocaine to Mexico each month, ultimately bound for the US.
From
Reuters
via
gCaptain
Iran Vows ‘Devastating’ Response to US Threat to Cut Off Its Economic Lifelines
Iran said on Friday that its response to any new U.S. threats would be "devastating" after Washington pledged to impose the toughest financial penalties in history with the aim of toppling the Iranian leadership.
From
Bloomberg
via
gCaptain
Piracy Observer Says Somali Incidents Rising as Navies Stretched
The world’s top maritime piracy observer said incidents off the coast of Somalia are on the rise again after a pair of fresh attacks this week — as two major regional conflicts stretch naval forces in the area thin.
From
Mike Schuler
via
gCaptain
Ukraine Says Russia Hit 52 Civilian Ships in Six Weeks as Black Sea Attacks Escalate
Russia attacked 52 civilian vessels in the Black Sea during July and the first half of August, according to Ukraine’s infrastructure ministry, highlighting a sharp escalation in attacks on commercial...
From
Mike Schuler
via
gCaptain
Panama Canal to Cut Daily Transits as Optimistic Water Outlook Fades
The Panama Canal is cutting daily transit capacity and overhauling its auction system as below-expected rainfall puts renewed pressure on the waterway’s freshwater supplies, just months after officials said they...
The APS Information Center
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From
Mike Schuler
via
gCaptain
Coast Guard Overflight Footage Reveals Fire Spreading on Morning Midas Car Carrier Off Alaska Coast
A Coast Guard C-130J Super Hercules aircrew conducted an overflight of the burning car carrier Morning Midas on Wednesday, revealing the fire has spread to multiple decks and the vessel...
From
Mike Schuler
via
gCaptain
Containership’s Back-to-Back Breakdowns Prompt New Zealand Crackdown on Substandard Ships
The Transport Accident Investigation Commission (TAIC) of New Zealand has called for legislative changes to ban substandard ships from the country’s waters following a series of incidents involving the containership...
From
Reuters
via
gCaptain
North Korea’s Warship Launched After Botched First Attempt, KCNA Says
North Korea has launched a warship that was damaged in May upon its attempted first launch, state media KCNA reported on Friday. After restoring the balance of the 5,000-tonne destroyer earlier in June, it was launched on Thursday and is now moored at a pier, KCNA said.
From
Mike Schuler
via
gCaptain
DHS Cancels $260M Coast Guard Cutter Contract with Huntington Ingalls
Department of Homeland Security Secretary Kristi Noem announced today the cancellation of a delayed Legend-class National Security Cutter contract with Huntington Ingalls Industries (HII), resulting in $260 million in taxpayer...
From
Reuters
via
gCaptain
U.S. Trade Deficit Narrows Sharply in April as Imports Post Record Drop
The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.
From
Reuters
via
gCaptain
The Tariff-Fueled Container Rally May Be Running Out of Steam
Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand underpinning the surge is moderating, financial analysts and maritime consultants said.
From
Mike Schuler
via
gCaptain
DOJ Files Criminal Charges Against Ship Captain for Sexual Assault at Sea
The U.S. Department of Justice has filed criminal charges against former ship captain John Merrone for allegedly drugging and sexually assaulting a U.S. Merchant Marine Academy cadet aboard the American-flagged...
From
Mike Schuler
via
gCaptain
Resolve Marine Mobilizes Salvage Team to Combat Fire on Car Carrier Off Alaska
Zodiac Maritime has appointed Resolve Marine to lead salvage operations for the vehicle carrier Morning Midas, which continues to burn approximately 300 miles south of Adak, Alaska. The incident began...
From
Reuters
via
gCaptain
Red Sea Shipping Traffic Rises After Houthis Narrowed Targets
Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.
From
Mike Schuler
via
gCaptain
Transpacific Freight Rates Surge Amid Trump Tariff Turmoil
Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft container. This increase stems from President Trump’s...
From
Bloomberg
via
gCaptain
Burning Ship Abandoned in Pacific Carried Several Chinese Car Brands
A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter.
From
Mike Schuler
via
gCaptain
Photos: Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska
The U.S. Coast Guard is coordinating response efforts after a fire broke out aboard the vehicle carrier Morning Midas approximately 300 miles south of Adak, Alaska. The response began when...